KULIM (MALAYSIA) BERHAD (“KULIM” OR THE “COMPANY”)

PROPOSED ACQUISITION BY PT WISESA INSPIRASI NUSANTARA (“PT WIN”), A 74.0% OWNED SUBSIDIARY OF KULIM, FOR A 95.0% EQUITY INTEREST IN EACH OF THE FOLLOWING COMPANIES:-

(I)         PT NUSA PERSADA INDONESIA (“PT NPI”);

(II)        PT SURYA PANEN SUBUR (“PT SPS”);

(III)       PT TEMPIRAI PALM RESOURCES (“PT TPR”); AND

(IV)       PT RAMBANG AGRO JAYA (“PT RAJ”),

FOR AN AGGREGATE TOTAL CONSIDERATION OF APPROXIMATELY IDR1.64 TRILLION (EQUIVALENT TO APPROXIMATELY RM509.35 MILLION) IN CASH (“PROPOSED ACQUISITIONS”)

The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the announcement dated 11 February 2016 in relation to the Proposed Acquisitions.

We refer to the previous announcement dated 11 February 2016 in relation to the Proposed Acquisitions.

On behalf of the Board, RHB Investment Bank wishes to announce that the acquisitions of PT TPR and PT RAJ had been completed on 23 June 2016 following the satisfaction of the terms and conditions of the respective CSPAs.

This announcement is dated 24 June 2016.